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Is there an International Money Market Fund ?

jkaljkal Posts: 116
in Precious Metals
What do I do with my money market US Dollars. I have gold and silver and still do not trust the stock market. Is there a fund that has cash from many different currencies? I do not want my cash in US dollars, is there a fund that keeps money spread out in many different countries cash?
Thanks

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    everbank

    The nice thing is you can open these in 3 month CD form denominated in that countries currency so you are truly getting out of dollars.

    They have combination or single currency cd's.....

    Almost all of my "clients" use them

    Personally, I've used them for the past three years..........MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    There are funds that do what you want. I can't delineate all the risks however such as any decay in the ETF's/ETN's. The fund UDN is invested in items that track the inverse of the USD index components. UDN would be made up of Euro, Yen, Cando, Swiss Franc, Pound, Swedish Krona. 57% of the mix is in the Euro. There are no doubt different mixes out there depending on what you are looking for. I'm not into Forex trading.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • tetradrachmtetradrachm Posts: 53 ✭
    There is a Merk Hard Currency fund which invests in different currencies and gold. They now have an Asian currency fund and an absolute return fund. You can follow this link to their website to get more details:

    Merk Mutual Funds website
    Successful BST transactions with: gsa1fan, Coll3ctor, SNMAN, tychojoe, Hyperion, Littletweed, AgBlox, Robb, Steve27, ajbauman, kalshacon, tydye, gdavis70, 1jester, mrmojorisin, bestmr, guitarwes, PerryHall, mhammerman, DGJohn and DNADave.
  • jkaljkal Posts: 116
    Thank you both for your help. It is silly that there are not more people asking this. Even in cash, you can loose half of your investment the way the dollar is acting. Why not have 10 of the largest markets currencies. That way if the dollar goes down you are protected.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    That's not really true. If you look at gold vs almost all currencies you will see that it is winning out. Each nation is trying to devalue their currency to stay competitive. Even the Swiss have reluctantly entered the field. If I were afraid of losing value vs. the dollar I'd be in a basket of commodities with PM's being the largest share. The chart of gold vs. the dollar and gold vs. the 6 component currencies that make up the dollar index, they are almost the same.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jkaljkal Posts: 116
    I have been buying gold and silver for 5 years now. Last year right before the stock market correction, I converted 90% of my stocks to cash. Thats the good part. The bad part is it is still in cash (except a very nice percentage in gold and silver). I have not gotten back into the stock market and just do not believe that this rally will hold in stocks. Even cash concerns me. I do not trust the dollar as much any more.
  • BigRickBigRick Posts: 1,334
    Everbank also lets you buy gold.
    My Sets
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